FX.co ★ jerome82 | EUR/JPY

According to the corrective trading strategy, the 182.61 level is one of the most rational areas for selling. Trading in the direction of the main trend is the most promising trading tactic. The corrective structure makes it possible to open a new order at an optimal price. There is nothing wrong with selling a bit of EURJPY at a good price. For a quality result, you shouldn’t rush. By trading with limit orders, you train yourself to act strictly according to the plan. I am preparing to average if buyers manage to break through to the boundary of the gradation area at 183.12. The manipulator may pull off a scheme of additional regrouping with an expansion of the cyclical level. If the ratio of active orders starts to distort, the bulls will have to work very hard to push further. The nearest boundary of the probabilistic range B6 at 181.09 serves as the target for the sell order. The pullback impulse will likely be sharp. This should trigger a wave of panic profit-taking, which will play into the hands of the sellers.